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Judge Swain has ordered an end to the stay on open litigation of pension bond issues.
October 25 -
UBS, the underwriter facing more than $800 million in lawsuits over the pension system bonds, argued the proposed schedule won't give it enough input.
October 23 -
Lack of legislative cooperation wouldn't be a problem until after court-approval of a plan of a adjustment, observers said.
October 22 -
The board also said the local government's $18 billion in the bank doesn't give it additional money to pay bondholders.
October 18 -
Bondholders' hopes of getting more than 13 cents on the dollar depend on rulings in various legal proceedings.
October 9 -
The Supreme Court let a lower court decision stand that may mean bondholders will get 100 cents on the dollar instead of 13 cents on $3.2 billion of bonds.
October 7 -
Gov. Wanda Vázquez García's support for pension cuts that had been opposed by her predecessor is seen as "a strong positive" for the debt restructuring.
September 30 -
The Puerto Rico Oversight Board filed a proposed plan of adjustment Friday that would reduce the commonwealth’s debt obligations by 60% and establish a roadmap to exit bankruptcy.
September 27 -
With a meeting on the restructuring set, bondholders were girding for battle over the board's plan to nullify portions of the debt.
September 25 -
Amending the law that established an oversight board for restructuring Puerto Rico’s debt looks like a tall order.
September 18